Categories: Smart Savings

13 Key Tax-Planning Issues For 2021 You Absolutely Need To Know

Report all income on your tax return

Never assume that any part of your income throughout the year is not subjected to taxes. That’s definitely a rookie mistake, one that people still make. To make sure you don’t fall in the same trap, document all your money from selling things, money you win, money you get from side jobs, even something of value you found. Any financial inconsistency between what you file and what you actually made can have serious consequences.

 

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